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SPX Technologies 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $527m of the $1.10bn in the SPX Technologies plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.
The question on the ballot
As filed
The SPX Technologies 401(k) holds $1.10bn. Of the $527m we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceSPX Technologies’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing
| What the plan holds | Vehicle | Voting record | Value |
|---|---|---|---|
| SPX Technologies, Inc.listed as “Common stock - SPX Technologies, Inc. stock **” | Employer stock | Voted by the plan trustee | $249m |
| Fidelitylisted as “Fidelity Growth Company Commingled Pool Class A **” | Collective trust or separate account | NONE | $247m |
| Fidelitylisted as “Fidelity 500 Index Fund **” | Not identified from the filing | Not counted either way | $112m |
| Fidelitylisted as “Fidelity Managed Income Portfolio II Class 3 **” | Not identified from the filing | Not counted either way | $60m |
| Fidelitylisted as “Fidelity Freedom Index 2030 Commingled Pool Class T **” | Collective trust or separate account | NONE | $55m |
| Fidelitylisted as “Fidelity Freedom Index 2035 Commingled Pool Class T **” | Collective trust or separate account | NONE | $46m |
| Fidelitylisted as “Fidelity Freedom Index 2025 Commingled Pool Class T **” | Collective trust or separate account | NONE | $37m |
| DFAlisted as “DFA U.S. Targeted Value Portfolio Institutional Class **” | Not identified from the filing | Not counted either way | $35m |
| American Beaconlisted as “American Beacon Large Cap Value Fund R5 Class **” | Not identified from the filing | Not counted either way | $32m |
| Fidelitylisted as “Fidelity Freedom Index 2040 Commingled Pool Class T **” | Collective trust or separate account | NONE | $32m |
| Fidelitylisted as “Fidelity Freedom Index 2045 Commingled Pool Class T **” | Collective trust or separate account | NONE | $25m |
| Fidelitylisted as “Fidelity International Discovery K6 Fund **” | Not identified from the filing | Not counted either way | $22m |
The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.
Why there is nothing to show
A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.
So the shares bought with SPX Technologies employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by SPX Technologies; it is what the disclosure rules currently require, which is to say: nothing.
What you can do
Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.
See how funds that do publish voted →
CoverageWe classified 73.2% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.